The commercial EV market is unlikely to take off before the end of this decade
Limited offerings hamper US commercial EV market
Small number of commercial EV models offered by auto sector has weighed on adoption, conference speakers say
The market for commercial electric vehicles (EVs) in the US is hampered by a lack of models from automakers, meaning demand in the segment may not reach critical mass until towards the end of this decade. Global EV sales accelerated last year to reach 6.6mn, with EVs in Europe alone accounting for one in six car purchases, according to the International Energy Agency—a sign that some regions have reached or are nearing the inflection point in EV adoption. But the boom has been almost entirely confined to the passenger segment as consumers gravitate to a growing variety of new car offerings. The selection for commercial EVs is paltry by comparison, which has weighed on adoption, according to
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